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Ben Watson examines AMZN’s short- and long-term price action, highlighting key support and resistance as CapEx-driven pressure from Alphabet and Tesla impacts the stock.
Editorial companion
Schwab Network's Ben Watson pinned a live chart on Amazon after earnings from Alphabet and Tesla signaled higher capital expenditures (CapEx), and the market reacted by poking at AMZN's support levels. The clip does something useful: it connects a concrete piece of news, CapEx guidance from peers, to a very specific technical map for Amazon, so you can see where traders are willing to buy and where they hand the ball back to sellers. For anyone betting on big tech's split between cloud, AI compute, and consumer commerce, those lines on the chart matter more than headlines for a day or two.
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